ICICI Bank moves up as its Board approves overseas borrowing limit up to $5.00 billion

ICICI Bank issued $750M in senior unsecured notes under its $7.5B GMTN program. The notes received BBB (S&P) and Baa3 (Moody's) ratings and will be listed on international exchanges. ICICI Bank's shares traded at Rs. 1419.00 on BSE, up from Rs. 1411.50.

ICICI Bank's board approved a revised USD 5 billion limit for overseas borrowing, to be issued via bonds, notes, or offshore CDs. The bank's shares were last traded at Rs. 1411.50 on the BSE, up from the previous close of Rs. 1401.80, with a total turnover of Rs. 1137323646.00.

ICICI Bank's board approved a $5 billion limit for overseas borrowing via bonds, notes, and offshore CDs. The bank has already raised $1.7 billion under RBI's swap facility. This move is part of a trend of Indian banks accessing global markets for funding.

ICICI Bank's board approved up to $5 billion in overseas borrowing. Shares rose 0.4% to Rs 1,417.50. HDFC Bank recently raised $1.75 billion via bonds, with tranches at 5.159% and 5.401% coupons. Other Indian banks have also tapped overseas debt markets.

ICICI Bank's board approved a $5 billion overseas borrowing limit for debt instruments. The Reserve Bank of India's swap facility caps hedging costs at 1.5%. ICICI has raised $1.7 billion, while HDFC Bank issued $1.75 billion in dollar-denominated bonds. ICICI shares rose 0.42% on the news.

ICICI Bank's board approved a USD 5 billion offshore borrowing limit, doubling its previous USD 2.5 billion cap. The bank has already raised USD 2.05 billion in debt this month, with Q1 FY27 net profit up 15.95% YoY. The move aims to secure low-cost capital ahead of RBI's swap window closure.